Is Panama Safe?
A couple of questions I often get -
Yes, without a doubt. In fact Panama has been ranked one of the safest tourist destinations in the world right along side Canada. Let me give you some personal examples and then let me give you some additional reasons why I believe Panama is so safe.
For some time we lived near the village of Boquete in the highlands region. It was a daily scene - young children and young women walking many miles to work or school. My wife and I are exercise addicts and you might recall we were in the health club business. At that time there were no health clubs in the area so I purchased a used mountain bike. I just found one so my wife and I had to share. Each morning I would go out around 6am and then about 7am my wife would go. She would cycle through town and out of town on the quiet winding country roads for about 10 km. Not once did she feel unsafe. At the time my boys were just 11 & 9. They would walk out to the road and grab one of the local taxis, pay 25c each and get a lift into town where they would buy 25c ice cream. Honestly, I would not have had that much comfort and trust back in our home town in Ontario Canada. In fact I wouldn’t have done it there.
First, we need to look back at the History of Panama. Panama is a peaceful republic and for most of the past century has been under the watchful eye of the United States. Todays Panama was born of a multi-culture mix of peoples from around the world thanks to the Panama Canal. To this day the Panamas people debate, "Who is a true Panamanian?" Most agree that the 7 indigenous tribes probably have the best claim. For the rest they are all immigrants of one sort or another. As a result it is difficult to tell the Panamanians from the visitors. You may see someone who looks very much like an American, a Canadian, maybe they are from India or China, the reality is they could all be Spanish speaking 2nd or 3rd generation Panamanians. Because of the multicultural mix of Panama no one really stands out as a foreigner - or different. So, when you or I arrive in Panama we are immediately accepted - we just to blend in.
The US dollar contributes to safety in Panama as well. Often when traveling in foreign countries we are taught to keep our dollars out of sight - "it is just too tempting to the locals", we are warned. In a country where the local currency may be devalued, the US dollar has a certain allure. But in Panama everyone is using the same money be they a farmer, a banker, a new resident or a Panama tourist.
The U.S. Embassy publishes the U.S. Government Report on Buying Panama Real Estate and says, "Titled land, and the process of buying this, is similar in concept to that in the U.S., and land and deeds are duly recorded with the Public Registry".
Buying real property in Panama is so safe that major U.S. Title Insurance companies provide policies in Panama.
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Hasta Luego!
Mark